Expectations from financial market players regarding the Brazilian economy in 2017 have edged back from 0.49% to 0.48%.
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Last year, over 100,000 outlets closed in Brazil, according to a survey conducted by the National Federation of Trade in Goods, Services and Tourism.
Apex-Brasil and the Brazilian Ministry of Foreign Affairs are arranging a trip to Morocco, Egypt and Algeria in April and companies can join in. Further details will be provided at the Arab Chamber on February 15.
Voluntary workers are wanted in Rio de Janeiro. The organization needs Portuguese language teachers, course assistants and children’s recreation professionals.
A study by the National Supply Company (Conab) shows the Southeast’s Santos Port remains the primary outlet for soy and maize, but Northern ports like Itaqui, in Maranhão, are coming up.
Credit rating agency Standard & Poor’s has kept the country two grades below investment grade. This has been Brazil’s score since February 2016.
The Arab country bought 2.03 million tons of the commodity from other countries last year. Expenditure on sugar and its raw materials reached USD 871.7 million.
Exports picked up in January with revenue reaching USD 18.9 million. Higher product prices were a factor in stronger foreign trade numbers.
The United Arab Emirates is the first country to buy the fruit from Brazil this season. The Brazilian Apple Growers Association is hoping to export from 70,000 to 100,000 tons this year.
A poll has shown that 84% of responding executives and business owners in Brazil see political and economic worries abating in 2017.
Foreign sales from Brazil amounted to USD 81.4 million in January. No Arab countries ranked among the top 20 buyers.
Although progress was made in the past five years, social and economic conditions remain difficult. GDP growth was 3.4% in 2016 and should be 2.5% in 2017. A new government has been elected.
Brazil’s National Supply Company (Conab) is forecasting a 32.5 million ton increase in 2016/2017 from the preceding season, to a record 219 million tons.
The Arab Brazilian Chamber of Commerce will have member companies over for breakfast on the 15th to discuss the Arab and world economies, this year’s calendar and a mission to North Africa.
